Rs 50 lakh insurance purchase with Rs 4.8 Lakh income triggers tax trouble: ITAT rejects HUF funding claim; here's whyA woman's Rs 50 lakh insurance policy purchase was deemed an unexplained investment. She claimed HUF funding from agricultural income. The ...
What are the documents required to be maintained for an income tax audit?There are various documents which an individual has to maintain following specific accounting principles and format in order to successfull...
For greater transparency, EC pushes for reducing candidates' cash expenditure limit from Rs 10K to Rs 2KAccording to the EC's instructions, candidates have to open a separate bank account exclusively for election expenditure purposes, at least...
CashBook raises $2.3 mln in a seed funding roundThe funds raised through this round will be used to further enhance the product as well as to expand its pan-India reach.
Khatabook gets $100-million funding, announces ESOP buybackThe capital will help Khatabook to build its financial services and strengthen its talent base. The company now aims to grow its ecosystem ...
Khatabook’s $100M bonanza; offices set for Covid makeoverFrom Khatabook's new funding round, to the post-pandemic office layouts and WhatsApp adding support for vaccine appointments, here's a quic...
HEG rallies 20%; BofAML sees 100% upsideThe scrip jumped 20 per cent to Rs 3,871.05 in Wednesday’s trade.
CID launches FCRA inquiries into 38 NGOs in RanchiSeparate inquiries are also on for Non-government Organisations (NGOs) outside the state capital, Additional Director General of Police (CI...
CBI reveals name of whistleblower in rifle factory probeThe CBI's Anti-Corruption Bureau (ACB) office in Kolkata, which registered an FIR on October 17, has named the person in an annexure and id...
Vistara announces discount; offers fares as low as Rs 999 all-inclusivecash bookings using INR 500 and INR 1,000 rupee notes will be accepted at Vistara's airport ticket counters until midnight of Thursday, 24 ...
BBMP's last audit was in 2009-10; Performance grant unlikelyIn an earlier report, the CAG rapped the BBMP on its poor maintenance of cashbooks for JNNURM project accounts for the period 2006 to 2012.
Poor economics: What street kids bank on...The children deposit anywhere between a few rupees to over Rs 100 at a time. They also make withdrawals between Rs 20 and Rs 500 at any tim...
Rs 20 crore meant for night shelters in Delhi siphoned offFor over 20 years almost Rs 20 crore earmarked for building night shelters to the national Capital's poor and homeless was siphoned off wit...
- More capacity, solar forays may power Neyveli Lignite
Despite sufficient reserves of lignite for power production, the company has remained less aggressive in its growth plans. This may change ...
- Capgemini targeting emerging market buys
European tech consultancy Capgemini seems to be hungry for more acquisitions in emerging markets backed by a strong cash book.
- Vedanta-Cairn deal is negative for Vedanta: Tarang Bhanushali
"We believe that the company should have remain focussed on the metals and not got into the oil and gas sector."
- Garment traders give a new spin to payments, adopt updated cash books
Payments that would have earlier taken anywhere between three and six months are now being completed within 30-60 days, thanks to corporati...